ISLAMABAD: Kohala Hydropower Project has reached a historic tripartite agreement, with an investment of 2.4billion dollars in the energy sector.
Prime Minister Imran Khan, Federal Ministers, Chinese Ambassador Yao Jing and others witnessed the ceremony.
Prime Minister Imran Khan addressed the signing ceremony of Kohala Hydropower Project Agreement and said that prices have gone up due to generation of electricity from imported fuel. Generating electricity from oil also affects the environment. Therefore government has focused on clean energy instead of imported fuel. Leading Three Gorges Company will develop Kohala Hydel project. The project will create employment opportunities in Azad Kashmir, he added.
He said the project has been the largest investment of $2.4 billion and Pakistan has great potential to generate electricity from water.